SPX Corporation Announces Sale of Acutex Division

13 July 1999
SPX Corporation Announces Sale of Acutex Division
    MUSKEGON, Mich., July 12 -- SPX Corporation today
announced it has signed a definitive agreement for the sale of its Acutex
division to Hilite Industries, Inc., of Cleveland, Ohio.  The transaction is
expected to be completed within 30 days, subject to Hart Scott Rodino review.
Terms of the agreement were not disclosed.
    The Acutex division, with sales of approximately $45 million, manufactures
solenoid valves for use in automatic transmissions for motor vehicles.  It has
a single manufacturing facility located in Whitehall, Michigan.  Hilite
Industries, Inc. designs, manufactures and sells a diversified line of highly
engineered components and assemblies for the automotive industry.
    Commenting on the transaction, John B. Blystone, Chairman, President and
Chief Executive Officer of SPX Corporation said, "In the consolidating vehicle
components industry, this transaction offers Acutex an opportunity to prosper
as part of a larger components supplier.  SPX shareholders, the employees of
Acutex and their home communities will all benefit from this sale."
    SPX Corporation is a global provider of industrial products and services,
technical products and systems, service solutions and vehicle components.  The
Internet address for SPX Corporation's home page is http://www.spx.com.
    Certain statements in this press release are forward looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended and are subject to the safe harbor created thereby.  Please refer to
the Company's Form 10-K for 1998 and the Company's 1999 First Quarter Form
10-Q for discussion of certain important factors that relate to forward
looking statements contained in this press release.  Although the Company
believes that the expectations reflected in any such forward looking
statements are reasonable, it can give no assurance that such expectations
will prove to be correct.